IoTeX

Menlo Park, United States Founded: 2017 • Age: 9 yrs
Blockchain-based connectivity for IoT applications is facilitated.
Annual revenue - Latest available
Total funding $50.0M 3 rounds
Employees - Tracked headcount
Investors 9 Known backers
Products - Services tracked
Competitors 10 Brand Intelligence

About IoTeX

IoTeX is a company based in Menlo Park (United States) founded in 2017 by Qevan Guo and Raullen Chai. IoTeX has raised $50 million across 3 funding rounds from investors including Amber Group, Animoca Brands and Borderless. IoTeX operates in a competitive market with competitors including Synthetix, Dash, Finastra, Bottomline Technologies and Biconomy, among others.

  • Headquarter Menlo Park, United States
  • Founders Qevan Guo, Raullen Chai
  • Sectors
    Technology
    Financial Services
  • Email
    Locked
  • Phone
    Locked
  • Website
    Locked
  • Social
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Operational Areas
Technology → Blockchain, Web3 & Digital Assets Unlock Sub-Sector Unlock Segment
Technology → Internet of Things (IoT) & Connectivity Unlock Sub-Sector Unlock Segment
Financial Services → FinTech & Digital Finance Unlock Sub-Sector Unlock Segment
Technology → Marketing, Adtech & Commerce Technology Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
    Not available
  • EBITDA
    Not available
  • Total Equity Funding
    $50 M (USD)

    in 3 rounds

  • Latest Funding Round
    Not available
  • Investors
    Amber Group

    & 8 more

  • Employee Count
    Not available
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People of IoTeX

Headcount 50-200
Employee Profiles 27
Board Members and Advisors 5
Employee Profiles
People
Simone Romano
Developer Advocate
People
Xinxin Fan
Founding Member & Head of Cryptography
People
Larry Pang
Head of Business Development
People
Raullen Chai
Co-Founder & CEO

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Board Members and Advisors
people
Robert Parker
Advisor
people
Michael Cho
Advisor
people
Mukul Agarwal
Investor, Strategic Partner & Advisor
people
Jack Lee
Advisor

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Funding Insights of IoTeX

IoTeX has successfully raised a total of $50M across 3 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

Investors in IoTeX

IoTeX has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include Amber Group, Animoca Brands and Borderless.

All
Venture Fund
Institutional
Investor Description Founded Year Domain Location
Venture capital funding and acceleration are provided to sector-agnostic startups.
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Blockchain sector focus is maintained by venture capital-backed accelerator.
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Crypto startups are funded by SNZ venture capital operations.
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Investor details for IoTeX

Investor domains, locations, round participation, and complete history require an active premium plan.

  • Investor domains
  • Investor locations
  • Funding rounds
  • Participation history

Verified entity values are shown only after access is granted.

Investments & Acquisitions by IoTeX

Investments
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Investment portfolio details for IoTeX

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  • Portfolio identities
  • Transaction dates
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Financial Statements - IoTeX

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Detailed financials for IoTeX

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  • Profit trends
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Iotex Comparisons

IoTeX Primary company
Description
Blockchain-based connectivity for IoT applications is facili...
Location
Menlo Park, United States
Founded Year
2017
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
Not available
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Peer comparison for IoTeX

Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.

  • Named peers
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Competitors of IoTeX

IoTeX operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Synthetix, Dash, Finastra, Bottomline Technologies and Biconomy, among others.

Company Name Domain Founded year HQ Location Description
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Derivatives liquidity protocol
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Dash is recognized as a digital cash cryptocurrency solution.
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Financial software solutions for lending, payments, and banking are provided.
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Cloud-based treasury management and fraud prevention solutions are provided.
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Blockchain infrastructure for Web3 experiences is provided.
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Detailed competitors of IoTeX

Competitor domains, locations, full profiles, and operating metrics require an active premium plan.

  • Domains and locations
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Latest news on Iotex

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Complete news archive for IoTeX

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  • Full article archive
  • Source and publication date
  • Older coverage
  • Brand-specific news history

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Frequently Asked Questions about IoTeX

IoTeX was founded in 2017 and raised its 1st funding round 2 years after it was founded.

IoTeX is headquartered in Menlo Park, United States. It is registered at Menlo Park, California, United States.

IoTeX is a funded company, having raised a total of $50M across 3 funding rounds to date.

IoTeX was founded in 2017 in Menlo Park, United States, as a blockchain platform focused on Internet of Things connectivity. A decentralized network is operated on a privacy-oriented blockchain, utilizing RDPoS consensus to accommodate numerous nodes. Privacy is ensured through stealth addresses and ring signatures, while cross-chain transfers of value and data are supported. Governance occurs via a decentralized autonomous organization, enabling community-driven rules for IoT device networks.

IoTeX's top competitors include Biconomy, Synthetix and Dash.

IoTeX has 9 investors. Key investors include Amber Group, Animoca Brands, Borderless, Foresight Ventures, and FutureMoney Group.

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